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Olduvai III: Catacylsm
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CIBC: Gold is still going towards $2,000 and silver to $31

Photo by Jingming Pan CIBC: Gold is still going towards $2,000 and silver to $31 Despite the selloff that caused gold to drop by more than 5% within a week, Canadian bank CIBC is still optimistic on both gold and silver’s prospects over the next few years. While the bank downgraded their average 2021 forecast for gold to […]

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Soaring Canadian Insolvencies Cripple Local Banks

Soaring Canadian Insolvencies Cripple Local Banks Banks in Canada are starting to feel the pain of deteriorating credit quality, just weeks after we reported that insolvency filings had skyrocketed in almost all Canadian provinces.  Toronto-Dominion Bank and Canadian Imperial Bank of Canada both just posted ugly first quarter results that included higher provisions for loan losses as a key contributor […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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